2025-10-29 Wednesday
                            
                                
                                    
                                    2025-11-04
                                    
                                 
                             
                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                        
                                            
                                                16:00:17
                                                
                                                    
                                                    
                                                        
                                                            The preliminary estimate of Spain's seasonally adjusted GDP growth rate for the third quarter
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            3.10%
                                                            Forecast
                                                            : 
                                                            3%
                                                        
                                                     
                                                                                                            
                                                                                                        
                                                        
                                                        Published Value
                                                            2.80%
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                        
                                            
                                                16:00:14
                                                
                                                    
                                                    
                                                        
                                                            Preliminary estimate of Spain's seasonally adjusted GDP growth rate for the third quarter
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            0.80%
                                                            Forecast
                                                            : 
                                                            0.60%
                                                        
                                                     
                                                                                                            
                                                                                                        
                                                        
                                                        Published Value
                                                            0.60%
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                        
                                            
                                                16:00:02
                                                
                                                    
                                                    
                                                        
                                                            Preliminary estimate of Spain's seasonally adjusted GDP growth rate for the third quarter
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            0.80%
                                                            Forecast
                                                            : 
                                                            0.60%
                                                        
                                                     
                                                                                                            
                                                                                                        
                                                        
                                                        Published Value
                                                            0.60%
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                        
                                            
                                                16:00:02
                                                
                                                    
                                                    
                                                        
                                                            The preliminary estimate of Spain's seasonally adjusted GDP growth rate for the third quarter
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            3.10%
                                                            Forecast
                                                            : 
                                                            3%
                                                        
                                                     
                                                                                                            
                                                                                                        
                                                        
                                                        Published Value
                                                            2.80%
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                15:47:40
                                                
                                                                                                            [Norway Retail Sales Decline in September] ⑴ Norway's retail sales in September 2025 fell 0.5% year-on-year, a decline from the previously revised 0.1% increase, marking the first decline since June 2024. ⑵ Major drags included a faster decline in motor fuel sales, falling 3.4%, compared to a 0.9% decline in August. ⑶ Sales of cultural and recreational goods fell 2.3%, compared to a 2.6% increase previously; sales of other household equipment fell 0.8%, compared to a 1.8% increase previously. ⑷ Sales of other goods fell 0.8%, compared to a 1.4% increase previously; the growth rate of non-store/stall retail sales slowed to 1.6%, compared to 2% previously. ⑸ On the other hand, food and beverage sales rebounded to a 0.9% increase, compared to a 0.1% decrease previously. ⑹ The decline in non-specialty store sales narrowed to 0.3%, compared to a 1.7% decrease previously; the decline in information and communication technology equipment sales narrowed to 1.1%, compared to a 2.3% decrease previously. (7) On an annualized basis, the growth rate of retail sales activity slowed to 3.7% in September from 5% in August.
                                                                                                    
                                             
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                    
                                                15:26:55
                                                
                                                                                                            [US Representative Rashida Tlaib: Numerous Members of Congress Are Profiting from Military Contracts] 1. US Democratic Representative Rashida Tlaib stated that numerous members of Congress are profiting personally from arms production and the arms race, directly proving corruption on Capitol Hill. 2. At an event organized by the Arms Control Association, Tlaib pointed out: “Unfortunately, too many of my colleagues, and I don’t know how many of you know this, are now pouring huge sums of money into endless wars and arms races… Members of Congress are profiting from death, personally holding shares in military production companies.” 3. She added that this behavior by members of Congress is “disgusting,” and that members of Congress are outraged by her public discussion of this fact. She emphasized that she believes the current situation is evidence of corruption. 4. Tlaib stated: “Every time I see them press the button on the defense budget (or what we call the Department of War budget), they profit personally.” She believes that members of Congress should not have the opportunity to use their power to enrich themselves through defense contracts. Tlaib concluded by stating, "Both Republicans and Democrats are obsessed with war, and unless this changes, we all risk a nuclear arms race."
                                                                                                    
                                             
                                                                                                                                                                                                                                                                                                                                            
                                                15:22:50
                                                
                                                                                                            [Gold Bull Market Not Over: LBMA Predicts Gold Nearing $5,000 Next Year] 1. A survey by the London Bullion Market Association (LBMA) shows that market participants expect gold prices to rise to $4,980 per ounce within 12 months, a 25% increase from current levels. After being undervalued for the past two years, participants are significantly raising their expectations. 2. Gold prices have already risen more than 50% this year, marking their best performance since 1979, but still lag behind platinum (+93%) and silver (+61%). 40% of respondents are optimistic that gold will dominate the precious metals sector by 2026. 3. Platinum has 30% support, with a target of $1,815 per ounce next year, a 14% increase; silver has 21% optimism, with a target of $59.10 per ounce, a 25% increase. 4. UBS executives revealed that client gold holdings have doubled this year, the number of investors has tripled, and the target has been raised six times, indicating that institutional funds are still accelerating their inflow.
                                                                                                    
                                             
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                15:09:04
                                                
                                                                                                            [my country's IPv6 Active Users Reach 865 Million, Ranking First in the World] The 4th China IPv6 Innovation and Development Conference released the "China IPv6 Development Report (2025)" today (29th). The report shows that my country's IPv6 development is progressing in a comprehensive and integrated manner, with key indicators showing rapid growth. China ranks first in the world in terms of network scale, user scale, and traffic volume. Its technology, industry, infrastructure, applications, and security systems are continuously improving, and the development trend is continuously positive. As of September 2025, my country's IPv6 active users reached 865 million, a 294-fold increase compared to 2.93 million in 2017. Their proportion among internet users rose from 0.39% in 2017 to 77.02%, ranking among the world's top. (CCTV News)
                                                                                                    
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:09:01
                                                
                                                    
                                                    
                                                        
                                                            中国 10月29日 上期所每日仓单变动-铜
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            454
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            -101
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:09:01
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Zinc
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            2547
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            -847
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:58
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Aluminum
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            -50
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            -199
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:58
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Silver
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            9784
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            -3599
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:56
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Lead
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            49
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            -100
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:54
                                                
                                                    
                                                    
                                                        
                                                            Daily warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Nickel
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            1605
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            48
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:52
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Tin
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            -43
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            73
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:49
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Alumina
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            0
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            0
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:48
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Wire Rods
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            0
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            0
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:43
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Fuel oil
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            0
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            0
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:43
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Stainless Steel
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            0
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            -119
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:41
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Petroleum Asphalt
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            0
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            0
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:38
                                                
                                                    
                                                    
                                                        
                                                            Daily warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China -20 # rubber
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            605
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            -201
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:37
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Pulp
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            -41
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            -534
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:34
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Natural Rubber
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            -740
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            320
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:33
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Gold
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            0
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            801
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                        
                                                                                                                                                                                        
                                            
                                                15:08:33
                                                
                                                    
                                                    
                                                        
                                                            Daily Warehouse receipt changes of the Shanghai Futures Exchange on October 29th in China - Rebar
                                                            
                                                        
                                                        
                                                            Previous
                                                            : 
                                                            -3058
                                                            Forecast
                                                            : 
                                                            -
                                                        
                                                     
                                                                                                        
                                                        
                                                        Published Value
                                                            -1221
                                                        
                                                        Previous
                                                     
                                                 
                                             
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                            
                                                15:03:01
                                                
                                                                                                            [A-Share Market Close: Shanghai Composite Index Holds Above 4000 Points, Photovoltaic Energy Storage and Non-Ferrous Metals Sectors Surge] The three major A-share indices rose collectively today. At the close, the Shanghai Composite Index rose 0.7%, the Shenzhen Component Index rose 1.95%, the ChiNext Index rose 2.93%, and the Beijing 50 Index rose 8.41%. The total turnover of the Shanghai, Shenzhen, and Beijing stock exchanges reached 2.2907 trillion yuan, an increase of 125.4 billion yuan compared to the previous day. More than 2,600 stocks rose across the market. In terms of sectors and themes, Hainan Free Trade Zone, photovoltaic equipment, industrial metals, batteries, securities, games, and quantum technology sectors led the gains; while banking, film and television, liquor, and Fujian local stocks led the declines. On the market, photovoltaic equipment and energy storage sectors surged across the board in the afternoon, with Canadian Solar, LONGi Green Energy, and Tongwei Co., Ltd. all hitting their daily limit, and Sungrow Power Supply Co., Ltd. reaching a new intraday high. The non-ferrous metals sector collectively strengthened, with copper and zinc leading the gains. Dazhong Mining hit its daily limit, while Jiangxi Copper, CITIC Metals, and Huayu Mining led the gains. The Hainan Free Trade Zone sector also performed actively, with Hainan Development, Hainan Airlines Group, and Haide Group hitting their daily limit. In addition, several sectors, including securities, gaming, and quantum technology, saw intraday rotation. On the other hand, many banking stocks declined, with Chengdu Bank, Shanghai Pudong Development Bank, and Xiamen Bank among the biggest losers. Fujian local stocks showed mixed performance, with many pulling back, including Xiamen Cinda, Haixia Environmental Protection, and China Wuyi, all of which declined.
                                                                                                    
                                             
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                            
                                                14:44:34
                                                
                                                                                                            [HSBC: Gold Prices Expected to Peak in First Half of 2026, Targeting $4,400] While gold prices faced downward pressure at the beginning of this week, HSBC believes this is merely a temporary correction in the precious metals. The institution predicts the gold price rally will continue into the new year, peaking in the first half of 2026. HSBC points out that key factors driving the rally include safe-haven inflows, widening fiscal deficits, new threats to the Federal Reserve's independence, and pressure on overall US fiscal stability. Furthermore, the bank believes strong inflows into ETFs and physical gold accounts will continue to support gold prices. However, looking ahead to the end of the year, HSBC states that if the Federal Reserve cuts interest rates less than expected, it may slow the gold price rally, but the overall weakness of the US dollar should support precious metal prices until early 2026. The bank expects gold prices to fluctuate between $3,700 and $4,050 for the remainder of this year, with a year-end target price of $3,950. Next year, gold prices are expected to fluctuate between $3,600 and $4,400, peaking in the first half of 2026 and breaking through the $4,400 mark. The bank forecasts gold prices to reach $3,800 by the end of 2026.
                                                                                                    
                                             
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                14:39:28
                                                
                                                                                                            [Russia to Relocate Military Units for Rare Earth Project Next Year] According to foreign media reports, the Kirov-Apatit Urban Agglomeration Development Plan, approved by the Russian government, stipulates that the relocation of relevant military units for the development of the Afrikanda rare earth metal deposit (REM) in the Murmansk region is expected to take place in 2026. The Murmansk Oblast government, along with the Russian Ministry of Defense, Ministry of Economic Development, and Ministry of Finance, have been designated as the responsible parties for implementing these plans. The CEO of the project operator, Arcmineral Resource, previously stated that the Ministry of Finance proposed requiring investors to bear the costs of relocating the military units, estimated to be between 2.5 billion and 3 billion rubles. Under the license terms, mining operations cannot commence in the Afrikanda mining area until the relocation of the facility is completed.
                                                                                                    
                                             
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                14:28:39
                                                
                                                                                                            [Trump: Threatened 250% Tariffs on India and Pakistan to Resolve Conflict] US President Trump stated that earlier this year, he threatened to impose 250% tariffs to urge India and Pakistan to resolve their conflict. He described Indian Prime Minister Modi as "the coolest guy" and a "tough guy" eager for a fight. Trump has repeatedly claimed responsibility for resolving the four-day armed conflict, angering Indian officials who have dismissed his claims of mediation. Sources revealed that Modi missed this week's regional leaders' summit in Malaysia due to concerns among Indian officials that Trump would again claim responsibility for the ceasefire. During his trip to three Asian countries, Trump repeatedly mentioned his role in the conflict. "I called Prime Minister Modi and said, 'We can't make a trade deal with you,' Trump said, 'You're at war with Pakistan, and we're not doing that.'" Trump said he also called Pakistan, and both sides told him, "You should let us resolve this ourselves." The president ultimately stated that he threatened to impose "250% tariffs" on both countries, which means you will never be able to trade with them again.
                                                                                                    
                                             
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                            
                                                14:17:56
                                                
                                                                                                            Gold prices rebounded slightly ahead of the Fed decision, but trade optimism and a strong dollar put pressure on prices. ① Gold prices rebounded slightly on Wednesday, with spot gold currently trading around $3,968.5 per ounce, up about 0.4%, as the market anticipated a Fed rate cut. However, optimism surrounding the US-China trade agreement and a stronger dollar kept gold prices near three-week lows. ② Supported by the 21-day moving average, the dollar index rose 0.2% on Wednesday, increasing the cost of gold for holders of other currencies. ③ OANDA senior analyst Kelvin Wong pointed out that the short-term pullback in gold prices stemmed from trade optimism, driving safe-haven funds towards assets such as stocks. "Gold faces pressure from leveraged traders adjusting their positions and a break in technical support, but the fundamentals remain bullish." ④ US and Chinese officials finalized a framework for a trade agreement over the weekend, and the leaders of the two countries will meet in South Korea on Thursday. An ANZ report stated that trade progress weakened safe-haven demand, and the pullback in gold prices may provide central banks with buying opportunities. ⑤ The Fed is expected to cut rates by 25 basis points on Wednesday, with investors focusing on Powell's forward guidance; the ECB is expected to keep rates unchanged on Thursday.